Vodafone reportedly in talks to buy Spain’s Ono for $10B

Vodafone may buy Ono, a major Spanish cable company, for around $10 billion. According to sources quoted by Reuters and Bloomberg, Ono has postponed a planned IPO announcement to allow further negotiations over the Vodafone bid. Two previous offers have been rebuffed for being too low. The British mobile carrier group is on a fixed-line acquisition spree after Verizon bought out its stake in Verizon Wireless for $130 billion — it bought Kabel Deutschland in Germany last October for $10.4 billion, and it plans to use that buy as a “hub” for further non-mobile expansion.